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An EE who works for more than one ER and has exceeded the social security wage base may:
Suggested Answer: A
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22 comments · newest first
AN
Antione
2 days ago
I’m leaning towards B. Refunds are fair if you overpay.
MA
Marti
7 days ago
I think the answer is A. It makes sense to take a credit.
MA
Ma
12 days ago
B feels right. We shouldn’t lose that money!
EM
Emilio
17 days ago
A is straightforward. Credits are always good!
AN
Annamaria
23 days ago
D is interesting, but I doubt it applies.
SH
Sheron
28 days ago
C seems unlikely. Why carry it over?
HE
Hershel
1 month ago
I’m leaning towards B. Why not ask for a refund?
BL
Blondell
1 month ago
I think A is the best choice. It makes sense to take a credit.
GR
Gregoria
1 month ago
C) is definitely not allowed, just FYI!
RO
Rozella
2 months ago
D) sounds right, but is it really that straightforward?
DO
Dorcas
2 months ago
Wait, can you really apply it to next year's withholdings?
HE
Helaine
2 months ago
I disagree, B) isn't an option.
SA
Sanda
2 months ago
A) is correct, you can take a credit against FIT.
TH
Thurman
2 months ago
Definitely A), I've done it before!
TA
Tammara
2 months ago
D) sounds right, but not sure if it's that straightforward.
TR
Trinidad
3 months ago
Wait, can you really apply it to next year's withholdings?
FE
Felicidad
3 months ago
I disagree, B) isn't an option.
AN
Annmarie
3 months ago
A) is correct, you can take a credit against FIT.
ME
Meghan
3 months ago
D sounds familiar, but I can't recall if overages can actually be applied to future benefits. This is tricky!
MA
Madonna
3 months ago
I feel like we covered this in class, and I thought the overage couldn't be applied to next year's withholdings, so C seems unlikely.
WE
Weldon
4 months ago
I remember something about employers needing to refund excess contributions, so maybe B is the right choice?
RA
Rashad
5 months ago
I think the answer might be A, but I'm not entirely sure how the credit works on Form 1040.